LASDX — Lord Abbett Diversification Shares: Short Duration Completion Fund

LASDX Fund Overview

LASDX — Lord Abbett Diversification Shares: Short Duration Completion Fund is a US mutual fund managed by Lord Abbett Trust I, categorised as Short Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Lord Abbett Trust I
• Category: Short Bond
• Ticker: LASDX
• SEC CIK: 0001139819
• SEC series ID: S000084614
• Share class ID: C000249040

LASDX Investment Objective and Strategy

Lord Abbett Diversification Shares: Short Duration Completion Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Lord Abbett Trust I.

Investment objective

The Funds investment objective is to seek a high level of current income.

Principal investment strategy

Under normal conditions, the Fund will pursue its investment objective by investing in various types of short duration debt (or fixed income) securities, including in investment grade debt securities of various types. The Fund may invest without limitation in high-yield debt securities (commonly referred to as lower-rated or junk bonds). The Fund may invest in debt securities and securities issued by non-U.S. entities, including in emerging markets, and denominated in currencies other than the U.S. dollar. The Fund generally may invest in the following types of debt securities: mortgage-backed, mortgage-related, and other asset-backed securities, including privately issued mortgage-related securities, collateralized mortgage obligations and commercial mortgage-backed securities (CMBS); inflation-linked investments; loans, including bridge loans, novations, assignments, and participations; structured securities and collateralized loan obligations (CLOs); convertible securities, including convertible bonds and preferred stocks; derivative instruments, including options, futures contracts, forward contracts, and swap agreements; repurchase agreements and reverse repurchase agreements; securities issued or guaranteed by the U.S.

Government, its agencies and instrumentalities; and corporate debt securities. The Fund may invest in Treasury Inflation Protected Securities (TIPS), which are U.S. Government bonds whose principal automatically is adjusted for inflation as measured by the Consumer Price Index for All Urban Consumers (CPI-U), and other inflation-indexed securities issued by the U.S. Department of Treasury. Under normal conditions, the Fund will maintain its average dollar-weighted duration range between one and three years. The duration of a security takes into account the pattern of all expected payments of interest and principal on the security over time, including how these payments are affected by changes in interest rates. The Fund will not invest more than 25% of its total assets in any industry. For purposes of this restriction, the Fund does not consider mortgage-based and mortgage-related securities, including commercial mortgage-backed securities and other privately issued mortgage-backed securities, and securities issued by the U.S.

Government, its agencies and instrumentalities as representing interests in any particular industry or group of industries. The Fund may use derivatives to hedge against risk or to gain investment exposure. Currently, the Fund expects to invest in derivatives consisting principally of futures, forwards, options, and swaps. The Fund may use derivatives to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, as a substitute for holding the underlying asset on which the derivative instrument is based, or for cash management purposes. For example, the Fund may invest in or sell short U.S. Treasury futures, securities index futures, other futures, and/or currency forwards to adjust the Funds exposure to the direction of interest rates, or for other portfolio management reasons.

The portfolio management team buys and sells securities using a relative value- oriented investment process, meaning the portfolio management team generally seeks more investment exposure to securities believed to be undervalued and less investment exposure to securities believed to be overvalued. The portfolio management team combines top-down and bottom-up analysis to construct its portfolio, using a blend of quantitative and fundamental research. As part of its topdown analysis, the portfolio management team evaluates global economic conditions, including monetary, fiscal, and regulatory policy, as well as the political and geopolitical environment, in order to identify and assess opportunities and risks across different segments of the fixed income market. The portfolio management team employs bottom-up analysis to identify and select securities for investment by the Fund based on in-depth company, industry, and market research and analysis.

The portfolio management team may actively rotate sector exposure based on its assessment of relative value. The investment team may also consider the risks and return potential presented by environmental, social, and governance (ESG) factors in investment decisions. The Fund may engage in active and frequent trading of its portfolio securities. The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.

LASDX Costs and Fees

LASDX costs about $0 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.00%
• Gross expense ratio: 0.00%

LASDX Debt Constituents

No individual debt constituents are reported in Lord Abbett Diversification Shares: Short Duration Completion Fund's latest SEC N-PORT filing.

LASDX Prospectus and SEC Filings

Official Lord Abbett Diversification Shares: Short Duration Completion Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-11-26
• Prospectus (485BPOS) — filed 2024-04-04

Related Funds

Other Short Bond funds tracked on ABC INVEST:

• Sound Fixed Income ETF (SDFI)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.